HONG KONG, May 27, 2011 – Dr. Cheng brings a wealth of experience to his post as the Director of Business Development. He was the founder and Managing Director of BMI Appraisals Limited (an international appraisal company with offices in over 20 cities globally). Since 2005, Dr. Cheng also served in a senior management capacity in the Asset Management Division of BMI Group. BMI established the Dr. Tony Cheng Scholarship for Fresh Fish Trader School for students from low income families of minority groups and new migrants from mainland China. The scholarship in Dr. Cheng’s namesake aims to reward academic excellence by providing immediate assistance to lessen their family’s financial burdens.

As ETET’s new Director of Business Development, Dr. Cheng brings a wide spectrum of expertise in corporate finance, investment, engineering, environmental, and pharmaceutical industries. He has consulted on numerous global real estate investment and business valuations, as well as on major infrastructure projects in the Asia Pacific Rim. He shares his wealth of knowledge by teaching land economics and valuation for Curtin University of Technology and the University of Hong Kong for over 8 years.

Prior to joining ETET, Dr. Cheng served as an investment advisor of the Dragonrider Opportunity Fund, organized by Asiasons Capital Limited (a Singapore Listed Company). This PE fund focused on Consumers and Resources within elite industrials sectors in emerging East Asia markets (i.e. China, Singapore, Malaysia, Thailand, Indonesia). He also served as a Council member on the Board of Education in the Hong Kong Institute of Surveyors. In addition to being a Council member of the Institute of Mechanical Engineers (China), Dr. Cheng has recently been elected as the Chairman of the institute.

Respected as a valuable advisor, Dr. Cheng has been an independent executive director of North Mining Shares Company Limited (Stock Code: 433) since 2000, and is serving as a member of the Financial and Regulatory Affairs Committee of the Chamber of Hong Kong Listed Companies, along with serving as a member of the Environment and Sustainability Committee of the HKGCC.

Fellowships and Memberships:
Fellow of the Royal Society of Medicine, Fellow of the Hong Kong Institute of Directors
Senior Member of the China Institute of Mechanical Engineers, Senior member of International Management Accountants Association, Senior member of the Canadian Institute of Management, Full Member of Royal Institution of Great Britain, Member of the Hong Kong Institute of Surveyors (General Practice), Member of American Society of Mechanical Engineers, Member of American Society of Civil Engineers, Member of Institute of Electrical Engineers, Member of Institute of Electrical and Electronics Engineers, Member of Institute of Industrial Engineers.

Education:
Bachelor of Science in Building from the City University of Hong Kong
Master degree in Urban Design from the University of Hong Kong
Master of Science in Engineering (Mechanical Engineering)
Doctor of Philosophy in Economics from the University of Brighton, USA

About ETET:
EnviroTek Engine Technologies (ETET.CO) is a subsidiary of EnviroTek International Limited (EIL), a Global company with headquarters in Hong Kong, and offices with R&D in Silicon Valley – USA. . ETET developed and owns the world’s most flexible and advanced engine technology designed for multiple applications including Plug-in Hybrid Electric Vehicles (PHEV) and Hybrid Electric Vehicles (HEV). ETET’s series of Smart Power EVT-90 engines exceed current low emissions and high mileage requirements and provide significant cost and efficiency advantages over other engines. These clean burning V-twin engines are small and lightweight, while yielding amazing high performance, with displacement ranges from 750 to 1200 cc, and the horsepower ranges from 75hp to 200hp. Direct applications are not only in PHEVs, HEVs, and EVs, but also across most configurations for light, medium, and heavy-duty vehicles. EnviroTek Engine Technologies is a collaboration of scientists, engineers, consumers, entrepreneurs, and government entities committed to developing clean and efficient technologies to meet the world’s energy and transportation needs.